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How a Financial Planner can Help you Reach all your Goals

Posted by Tom Hallissey on May 11, 2017 10:00:00 AM

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Everyone has a bucket list. Whether your goal is a dream vacation or a summer home in the Hamptons, you will probably need financial advice before you get the chance to dip your toes in the ocean. A certified financial planner (CFP) can assist you in making important financial decisions that will help you reach all of your goals.

What is Financial Planning?

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Comprehensive financial planning examines and develops strategies for every part of your financial life, including:

  • Assessing financial health
  • Examining assets, liabilities, income, insurance, taxes and investments
  • Defining short and long term goals
  • Income tax planning
  • Budgeting and cash flow planning
  • Insurance planning, such as life, health, disability, home owners and auto
  • Retirement planning
  • IRA distribution options
  • Charitable giving
  • Estate planning

3 Reasons you need a Personal Financial Planner

1)      Financial Planners Identify your Needs and Goals

You probably know how much money you have invested in the stock market. But, do you know if you are allocating your financial resources in the most advantageous way possible?

If you were to hire a financial planning services, they could take a closer look at your fiscal strengths and weaknesses. It gives you the opportunity to discuss all your financial matters with a qualified professional in an intimate one-on-one setting.

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2)      Develop Short and Long Term Financial Plans

In personal financial planning meetings, you can plot a course that will help you reach your goals. A financial planner specializes in strategic fiscal planning. They can help you navigate any financial barriers that may be in your way to help you remain secure both now and in the future.

3)      They Provide Experience and Expertise

Although you probably know your own finances inside and out, sometimes you need an unbiased, outside perspective. CFPs provide a higher level of experience and expertise with financial instruments, such as stocks, bonds, mutual funds, IRAs and more.

With all of today’s fiscal complexities, a financial planner’s sage advice can help you make the most of your financial resources.

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Since 1949, S,L&C has provided professional accounting and business advisory services from New York to California. Now, our blog contains some of the latest news, trends and tips to help you prosper financially.  

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